Fundamental analysis for July 13, 2015

13 July, 2015

There was the risky assets strong recovery at the end of the last week. The oil prices rebound helped the traders to distract from the uncertainty Greek pressing problems that immediately affected the pair EUR/USD dynamics: quotations recorded the growth.

The pair GBP/USD has increased amid the UK bond yields increase relative to their US and Germany counterparts.

By the end of the day the pair USD/JPY had increased amid the "risky assets" demand. The upward trend in the world's leading stock markets contributed to the carry trade transactions increase.

After the London trades closure all investors' attention was focused on the US Federal Reserve chairman speech. On the one hand, the net exports reduction amid the US revaluation and low wage growth, on the other hand, pointed to the lack of Janet Yellen "hawkish" views. As we expected, Janet Yellen did not say anything new. She noted that the economy’s dynamic is indeterminate and the Fed will evaluate the conditions at each meeting.


Source link  
Pound tested 1.3200 and stopped

The buying interest persists in the market. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes...

Brent failed to approach 49.50

Sellers kept driving the benchmark lower the whole night and found an obstacle at 48.50. The resistance lies at 49.50, the support lies in at 48.50 dollars...

DAX index turned bearish

The benchmark broke 12600 first and then weakened down to 12527. Bulls returned control in the early European session and returned the price to 12600...


Gold bounced from its upper limit

We expect the spot to retest 1240 in the short-term. Should sellers succeed they may lead the pair down to 1230. If the level stands the spot...

Gold price reached important target

The prices have reached their important target of 1260 and this was only a bounce and a correction of the downtrend...

Dollar setback due to recent PCE date

Today is last day of the month and FED's members speeches are to be announced therefore the market volatility growth is expected...


Gold has jumped to 1265 level

The resistance holds at 1280, support comes in at 1245.9. Major resistance is highlighted at 1295.4. Next target is set at 1350...

Gold prices bounced off

The spot was struggling to build onto the recovery during the night trades. Buyers lost their steam at 1265 where the pair found some fresh offers....

Golld turned around and reversed

The bullish trend remained intact on Tuesday. The price bounced from the upper limit...

  


Share: